FirmaIQ
Org.nr 984 071 329 2022 → 2023 Year-over-year analysis

ADVOKATFIRMAET RØED AS: årsregnskap 2023 vs 2022

Grew 73% on revenue, stronger earnings

approved 2024-03-04; registry 2024-03-06; journal 2024 319982

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2023 with 2022 for ADVOKATFIRMAET RØED AS. Revenue 1.84m NOK → 3.19m NOK (+73.3%). Net result +67.8k NOK → +779.0k NOK. Equity 129.1k NOK → 908.1k NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for ADVOKATFIRMAET RØED AS.

At a glance

Scorecard

Revenue
1.84m NOK 3.19m NOK
+73.3%
Operating result
+66.5k NOK +900.9k NOK
+1254.7%
Net result
+67.8k NOK +779.0k NOK
+1049.1%
Equity
129.1k NOK 908.1k NOK
+603.3%
Cash
251.8k NOK 422.5k NOK
+67.8%
Total assets
694.7k NOK 601.7k NOK
-13.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.84m NOK to 3.19m NOK (+73.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +66.5k NOK → +900.9k NOK (op. margin 3.6% → 28.3%). Calculated

  • ↑

    Net result improved

    Net result +67.8k NOK → +779.0k NOK (net margin 3.7% → 24.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 129.1k NOK → 908.1k NOK (equity ratio 18.6% → 150.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 251.8k NOK → 422.5k NOK (+67.8% YoY). Calculated

What deteriorated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.23× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 1.34m NOK → 1.49m NOK (73% → 47% of revenue). Calculated